Nagacorp Chief Executive Chen Lip Keong has secured his 65 percent stake in the company after the Hong Kong Stock Exchange approved a whitewash waiver that allowed him to convert his $369 million of personal investment into the development of NagaCity Walk and Naga2 into bonds, according to an afterhours trading announcement by the company on Tuesday.

Previously, Lip Keong held a 40 percent stake in the company that operates Phnom Penh’s sole licensed casino complex.

NagaCity Walk, a duty-free shopping complex, opened in August 2016 with the Naga2 hotel and casino building set to open in October. The two investments are valued at $3.1 billion.